Target audience

Those who wish to understand how to interpret the financial statements of business entities.

Those who wish to learn the mechanics of preparing financial statements under IFRS.

Individuals charged with the responsibility of providing financial information about a reporting entity that is useful to users in making decisions.

Learning outcomes

Upon completion of this course, you will be able to understand:

The accounting rules and regulations that govern published financial reports of companies, who sets and influences these rules and regulations, and the authority they have.

That a high quality financial reporting system needs to be transparent, to provide information about how the financial results and position have been achieved, and to enable the assessment of the long-term success of the business.

The requirements of three financial reporting standards – IAS 1, IAS 7 and IAS 8, including various related initiatives in progress, and how the financial statements are drawn up and presented.

A range of standard analytical techniques that can be applied in financial statement interpretation.